Re:"I assume from your tone of voice you bought CORL at the 40?" It seems you have your mind on CORL. I do trade stocks when there is a change in the fundamentals or if I wish to switch to a better investment. However, I don't call those who bought at any price numbskulls. It is always advisable to have a portfolio of about 10 companies who are leaders in their area (e.g. INTC, SUNW, CSCO, MSFT, DELL, T, IBM, NT, ALA, etc.) and a few who form good turn around stories (e.g. CPQ, AAPL, INPR, NOVL, SGI) + cash to invest in solid companies that have been hit hard (oversold) by the market (e.g. XRX recently). You will be less concerned about your portfolio this way and still end up with great returns. INPR is a good turn around story. If you are starting out and you only have enough cash to invest in one company then invest in a top performer on either the Dow Jones or NASDAQ or a mutual fund or if you are a bit of a gambler then invest in a good turn around story. Just in case you are interested - bought INPR at $7 a few years ago sold when the previous CEO increased the float and overpaid for Visigenic - sold at $10. Bought INPR again at $4 recently and still have it. Anyway, Warren Buffet stated never invest in a company you do not intend to keep for at least two years. I intend to keep INPR for at least two years this time, unless there is a change in fundamentals or market condition. Investors are either experienced or inexperienced - no numbskulls.
Have a merry Christmas and a happy new year. |
